Finance & Legal

Nokia HERE Growing Revenue and Profit in Q2 2015 - 07/30/2015

Nokia announced today their second quater 2015 revenue, including the detailed financials of their mapping division HERE. In the quarter HERE performed well with sales growing 25 percent against the same quarter last year to €290 million. The...

Rumor Mill: HERE on the Verge of an Acquisition? - 07/22/2015

According to Reuters German car makers Daimler, BMW and Volkswagen would be on the verge to acquire digital map maker HERE, the subsidiary of Nokia. Per Reuters sources a possible deal could be finalized by the end of the month and the valuation of...

TomTom Revenue Increased 5% in Q2, EBITDA Down 25% - 07/21/2015

TomTom today announced their financial results for the second quarter of 2015 with 5 percent increase in revenue to €265 million. The gross margin was 51% against 56% in same quarter the previous year. The company generated an EBITDA of €28 million...

Earth Imagery M&A: Planet Labs Acquires Blackbridge - 07/16/2015

Satellite imagery provider Planet Labs announced yesterday the acquisition of Blackbridge, another satellite imagery vendor. While the deal might sound to have nothing special, actually it is. Previously known as RapidEye, Blackbridge was born in...

Garmin Forecasts Lower Q2 2015 Financials - 07/16/2015

Garmin today released a warning to the financial markets about its upcoming financial results that will be published on July 29th. The company expects a second quarter 2015 revenue in the range of $770-775 million with a gross margin of...

Bluetooth Tag Vendor Wistiki Raised €1.5M - 07/07/2015

Wistiki, the French maker of lost & find bluetooth tag raised €1.5 million from private investors, the company said last week. This round of funding values the business at €16.5 million. Wistiki started to sell its tag at French big box...

TCS to Explore Strategic Alternative, Engaged Lazard as Financial Advisor - 07/07/2015

TeleCommunication Systems (TCS) announced yesterday that that “its Board of Directors has established a Special Committee comprised solely of independent directors to explore strategic alternatives to enhance stockholder value. The Special Committee...

Uber Acquires Geo Imagery Team & Assets from Microsoft - 06/30/2015

Uber and Microsoft have confirmed a deal where the transportation company is acquiring a Microsoft team known as BIT (Bing Imagery Technologies) based in Boulder, Colorado. The team that seemed to have around 100 employees was focussing on aerial,...

Daimler Trucks Invests in Telematics Vendor Zonar Systems - 06/30/2015

Daimler Trucks North America (DTNA) has become a minority investor in Zonar Systems, Inc., a U.S. provider of electronic fleet inspection, tracking and operations solutions for public and private fleets. The companies have partnered for more than...

Intel Acquired Smart Eyewear Maker Recon Instruments - 06/22/2015

Last week Intel announced the acquisition of Recon Instruments, a Canadian company that sell smart glasses dedicated to sport people, and already raised funds from Intel Capital in September 2013. In total the company raised $17 million over three...

Mapbox Raised $52.55M in Series B Financing - 06/17/2015

Mapping platform Mapbox announced today a series B financing of $52.55M. “DFJ Growth led this round, and Randy Glein will be joining our board. Foundry Group is following on their series A investment. DBL Partners is investing from their new fund,...

IoT Network Actility Gets $25M In Funding Round - 06/16/2015

IoT network vendor Actility has announced today a $25 million funding round led by Ginko Ventures, KPN, Orange, Swisscom and Foxconn along with the existing investors BPI France, Idinvest Partners, and Truffle Capital. The investment will allow...
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